EVault

EVault

Cloud-connected backup and recovery services for fast data access and fail-proof disaster recovery.

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$14.0m

Valuation: $14.0m

Acquisition
Total Funding000k
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Founded in 1997, EVault carved out a niche in cloud-based data protection and disaster recovery services, primarily targeting the mid-market segment. The company provides a suite of solutions for data backup, recovery, and business continuity, catering to businesses with complex IT environments, particularly in highly regulated sectors like finance, healthcare, and government. The business operates on a Software-as-a-Service (SaaS) model, offering subscriptions for its cloud services, as well as selling on-premises backup appliances.

EVault's product lineup is built on a unified technology platform that can be deployed as a cloud service, on-premise software, a physical appliance, or a hybrid combination of these. Its core offerings include EVault Software for disk-to-disk backup, EVault SaaS for cloud-based recovery, and EVault Cloud Disaster Recovery Service with guaranteed service level agreements. A key feature is its "DeltaPro" technology, which minimizes data transfer and storage needs by only backing up new or changed data blocks. The platform also employs end-to-end AES encryption, ensuring data is secure both during transmission and while stored. Its services support a wide array of operating systems and applications, including Microsoft Windows, Linux, IBM i, Oracle, and Microsoft Exchange, allowing for "hot" backups without interrupting ongoing operations. Management of these services is centralized through a web-based portal, enabling IT teams to monitor and manage backups across distributed environments.

The company's history is marked by several key acquisitions. In 2007, storage giant Seagate Technology acquired EVault for approximately $185 million to expand its services division. Under Seagate, the brand was temporarily renamed i365 before being reverted to EVault in 2011. In a significant shift, Carbonite purchased EVault's cloud backup business from Seagate in 2016 for $14 million. This move was aimed at broadening Carbonite's reach into the small and medium-sized business market by incorporating EVault's advanced disaster recovery capabilities. Subsequently, in 2019, OpenText acquired Carbonite, bringing the EVault product line under its extensive information management portfolio.

Keywords: data backup, data recovery, disaster recovery, cloud storage, business continuity, SaaS, on-premises backup, hybrid cloud, data protection, mid-market, disk-to-disk backup, cloud-connected, endpoint protection, server backup, data security, AES encryption, DeltaPro, managed services, Seagate, Carbonite, OpenText, information governance

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Investments by EVault

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ACQUISITION by EVault Oct 2002